Grains are mixed reacting to the USDA Grain Stocks Report, Black Sea news and outside markets. Livestock mixed with cattle breaking to new lows for the move. Michelle Rook talks with Matt Bennett of AgMarket.Net.
Grains Mixed on Report Reaction and Black Sea News: Livestock Mixed with Cattle Making New Lows
Grains are mixed reacting to the USDA Grain Stocks Report, Black Sea news and outside markets. Livestock mixed with cattle breaking to new lows for the move. Michelle Rook talks with Matt Bennett of AgMarket.Net.
September 30, 2022 11:59 AM
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Dan Basse, president of Ag Resource Company, says the corn yield figure was very close to the trade guess and largely priced into the market.
Despite widespread concerns over summer weather damage, USDA’s September WASDE corn yield came in almost exactly where the trade expected, which left stocks-to-use, not yield, as the number driving the market.
Scott Varilek with Kooima Kooima Varilek says the recovery in the cattle market this week feels good but he is watching for several signs to feel confident about sustaining it.
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